MIAMI, FL, (NAMC) - The latest blog within a blog launched by Bestbraindrain.com covers the real estate investing and real esate scams. they offer free tips and advice on real estate investing and pitfalls to look out for.
According to the company there are thousands of self proclaimed real estate gurus traveling around the country stating that right now, with the current real estate turmoil and rise in foreclosures, is the best time to ever get into real estate investing. They are hawking their ideas on TV in late night infomercials, in magazines and online, and even in your local real estate investment clubs. Many are claiming real estate investing to be an easy route to instant wealth. Actually, per the FTC (Federal Trade Commission) in most cases it's an instant route to the self proclaimed real estate guru's wealth, not yours.
Money Magazine has covered this topic of real estate scams recently and reported that the increase in real estate scams has grown nationwide, pitching that real estate investing through fancy terms like short sales, probate sales, foreclosures, REO, HUD foreclosures, etc
Pretty much selling the American Dream without having actually achieving such heights themselves.
This is what the webmaster and owner of Bestbraindrain.com, David Maillie, had to say "There is a possibility that people can make some money through these various techniques and a decent living at it, but they need to know it is not easy, takes a lot of hard work and they most likely will not get rich from it. Most people have little chance of ever making back the money they spent on these expensive seminars. This is why we greatly expanded the real estate section of our website with numerous helpful articles that actually expose investment scams and their promoters."
In general, to avoid being scammed by a shady and slick real estate guru or promoter:
1) Avoid any investment scheme that claims you don't ever have to look
at the real estate to buy it or sell it.
2) Avoid any real estate guru or promoter that says their way is an easy, no fail route to instant wealth.
3) Don't allow yourself to be rushed into an expensive decision you may later regret.
4) Use common sense. If it sounds too good to be true it probably is.
NAMC Newswire Note:
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Find out about our PRIVATE MAJOR PROJECT FUNDING PROGRAM for projects over $5 Billion. Acquisitions of companies or real estate, new construction and infrastructure are some examples.
http://www.namcworldwide.com/fundingprogram/This article can be republished either online or in print as long as credit is given to the author and the NAMC Newswire.
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